Key Takeaways
- • EQT Real Estate acquired a 909,000 sq ft fully-let logistics portfolio in the UK Midlands from Prologis UK, comprising three assets: Nuneaton Bermuda Park DC1 and Rugby Central Park DC1 and DC2.
- • The transaction price remains undisclosed; however, supplemental sources indicate the portfolio value at approximately £130 million based on market reporting.
- • The deal reflects Prologis's disciplined capital redeployment strategy, with proceeds directed toward development opportunities and long-term UK priorities rather than portfolio retention.
- • The acquisition aligns with EQT Real Estate's stated strategy of targeting modern, high-potential logistics assets in underserved European markets, with the Midlands positioned as a critical UK logistics hub.
- • CBRE and DTRE advised Prologis; Knight Frank advised EQT on the transaction.
Summary
EQT Real Estate has completed the acquisition of a 909,000 square-foot logistics portfolio in the UK Midlands from Prologis UK. The portfolio comprises three fully-let distribution centers: Nuneaton Bermuda Park DC1 and Rugby Central Park DC1 and DC2, located across the East and West Midlands. While the headline purchase price was not disclosed in official announcements, market reporting indicates a valuation of approximately £130 million.
The transaction reflects differing strategic priorities between the two real estate operators. For Prologis, the sale represents a disciplined capital allocation approach aimed at reallocating proceeds toward development initiatives and opportunities that support its long-term UK strategy. According to Paul Weston, regional head of Prologis UK, the assets were "high quality, stabilised assets in core locations," with the sale enabling the company to redeploy capital more efficiently.
For EQT Real Estate, the acquisition strengthens its European logistics footprint by adding stabilized, income-producing assets in a market identified as strategically important. Jonathan Mackie, managing director of EQT Real Estate, emphasized that the Midlands represents "one of the UK's most important logistics hubs" and that the portfolio aligns with the firm's broader strategy of acquiring "modern, high-potential logistics properties in underserved markets in Europe." The fully-let status of the assets provides immediate cash flow stability, while the locations support EQT's thesis on long-term value creation through active asset management and sustainability-focused initiatives.
Professional advisors on the transaction included CBRE and DTRE for Prologis, and Knight Frank representing EQT Real Estate. The deal positions EQT to benefit from the continued demand for logistics real estate in the Midlands, a region serving as a critical distribution hub for UK e-commerce and supply chain networks.
The transaction reflects differing strategic priorities between the two real estate operators. For Prologis, the sale represents a disciplined capital allocation approach aimed at reallocating proceeds toward development initiatives and opportunities that support its long-term UK strategy. According to Paul Weston, regional head of Prologis UK, the assets were "high quality, stabilised assets in core locations," with the sale enabling the company to redeploy capital more efficiently.
For EQT Real Estate, the acquisition strengthens its European logistics footprint by adding stabilized, income-producing assets in a market identified as strategically important. Jonathan Mackie, managing director of EQT Real Estate, emphasized that the Midlands represents "one of the UK's most important logistics hubs" and that the portfolio aligns with the firm's broader strategy of acquiring "modern, high-potential logistics properties in underserved markets in Europe." The fully-let status of the assets provides immediate cash flow stability, while the locations support EQT's thesis on long-term value creation through active asset management and sustainability-focused initiatives.
Professional advisors on the transaction included CBRE and DTRE for Prologis, and Knight Frank representing EQT Real Estate. The deal positions EQT to benefit from the continued demand for logistics real estate in the Midlands, a region serving as a critical distribution hub for UK e-commerce and supply chain networks.
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